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PhonePe SBI Card PURPLE
PhonePe SBI Card PURPLE is SBI and PhonePe's entry-level co-brand card, rewarding essential PhonePe app spends and everyday online shopping while clawing back the joining fee as a PhonePe voucher after the first transaction. It's a reasonable pick for heavy PhonePe users who want to earn on bill payments and recharges done through the app, but its elevated reward rates are unremarkable once spending moves outside that ecosystem.
Annual fee
₹499
Joining fee
₹499
Reward type
points
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
5% reward rate
- ⛽ Fuel
1% fuel surcharge waived on transactions between ₹500 and ₹4,000 at the pump
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between ₹500 and ₹4,000 at the pump
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- Joining fee fully refunded as a PhonePe e-gift voucher once the first transaction is made on the card
- ₹3,000 travel voucher awarded on crossing ₹3,00,000 in annual spend
- 1% fuel surcharge waived on transactions between ₹500 and ₹4,000 at the pump
Pros
- + Joining fee fully refunded as a PhonePe e-gift voucher
- + Accelerated 5% rewards on PhonePe app transactions and online shopping
- + Achievable ₹1 lakh annual spend threshold to waive the fee
- + ₹3,000 travel voucher on higher annual spend
Cons
- − No lounge access on this base variant
- − Elevated reward rates are mostly limited to the PhonePe app
- − Standard 3.5% forex markup makes it weak for international spends